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BELRISE INDUSTRIES LIMITED

Active
Updated: 09 Dec 2025

Belrise Industries Limited is a manufacturing company specializing in the production of premium packaging solutions. It offers a diverse range of products, including flexible packaging, films, and adhesives, serving sectors such as food and beverage, pharmaceuticals, and consumer goods, while focusing on sustainable and innovative packaging technologies.

Belrise Industries Limited, is a listed public company incorporated on 25 September, 1996. It is classified as a public limited company and is located in , Maharashtra. It's authorized share capital is INR 500.00 cr and the total paid-up capital is INR 444.94 cr.

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Subscription Plans
Industry and products
Research and Development
  • Metal Processing, Surface Treatment, Plastic Processing
Company size
Auth Capital
₹ 500.0 Cr
Paidup Capital
₹ 444.9 Cr
Revenue
₹ >5000 cr
# Key metrics of Belrise Industries Limited - All rupee values in INR crores. Based on March 2025 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 500.0 Cr | | | Paidup Capital | ₹ 444.9 Cr | | | Revenue | ₹ >5000 cr | | | Total Revenue | ₹6,658.6 | 9.04% | | EBITDA | ₹915.2 | 8.51% | | Net Profit | ₹332.5 | 12.57% | | Networth | ₹2,577.0 | 14.78% | | Borrowings | ₹2,643.8 | 20.66% | | Assets | ₹6,518.0 | 16.7% | | Gross Margin | 22.1% | -0.42 | | Operating Margin | 13.9% | -0.1 | | Net Profit Margin | 5.0% | 0.15 | | Return on Equity | 12.9% | -0.26 | | ROCE | 15.8% | 0.19 | | Debt to Equity | 1.0 | 0.05 |
Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue
9.04%
₹ 6,658.6
EBITDA
8.51%
₹ 915.2
Net Profit
12.57%
₹ 332.5
Networth
14.78%
₹ 2,577.0
Borrowings
20.66%
₹ 2,643.8
Assets
16.7%
₹ 6,518.0
Gross Margin
-0.42
22.1 %
Operating Margin
-0.1
13.9 %
Net Profit Margin
0.15
5.0 %
Return on Equity
-0.26
12.9 %
ROCE
0.19
15.8 %
Debt to Equity
0.05
1.0
Sales
Mar 2025
Net worth
Mar 2025

Locations

indian flag India (34)
State Type Address

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People

Designation Name DIN/PAN Tenure
Director Dilip Bindumadhav Huddar 07608615 6 years
Cfo Rahul Shashikant Ganu <HIDDEN> 11 years
Director Ashok Vishnu Tagare 00370768 24 years
Managing Director Shrikant Shankar Badve
Shareholder
00295505 25 years
Whole-time Director Supriya Shrikant Badve
Shareholder
00366164 17 years
Director Sangeeta Singh 10593952 1 years
Director Girish Kumar Ahuja 00446339 2 years
Director Milind Pralhad Kamble 03566052 2 years
Company Secretary Manish Kumar <HIDDEN> 2 years

Financial Highlights

** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales 4,007.0 4,897.3 5,395.0 6,032.5 6,593.8
Operating profit 569.0 727.5 797.5 843.5 915.2
Net profit 174.6 247.1 271.4 295.4 332.5
Gross margin 24.5 23.4 23.0 22.5 22.1
Operating margin 14.2 14.9 14.8 14.0 13.9
Net margin 4.3 5.0 5.0 4.8 5.0
Networth 1,436.8 1,705.2 1,966.7 2,245.2 2,577.0
Borrowings 2,116.7 2,598.0 2,271.4 2,191.1 2,643.8
Assets 4,561.3 5,080.2 5,147.9 5,585.4 6,518.0
Debt to equity 1.5 1.5 1.1 1.0 1.0
Current ratio 1.4 1.4 1.4 1.4 1.3
ROE 12.2 14.5 13.8 13.2 12.9
Days payable 48.0 45.0 41.0 53.0 61.0
WC days 49.0 44.0 44.0 44.0 42.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 20.3 20.3 20.3 325.5 325.5
Reserves 1,416.4 1,684.9 1,946.4 1,919.7 2,251.5
Borrowings + 2,116.7 2,598.0 2,271.4 2,191.1 2,643.8
Long term borrowings 1,569.0 1,609.6 1,245.4 1,171.9 1,649.4
Short term borrowings 547.6 988.3 1,026.0 1,019.2 994.4
Trade payables + 399.2 465.0 466.6 677.9 853.5
Days payable 48.0 45.0 41.0 53.0 61.0
Other liabilities + 1,007.9 777.0 909.7 1,149.1 1,297.2
Other non-current liabilities 173.2 173.1 187.2 200.4 83.0
Other current liabilities 435.4 139.0 255.9 270.8 360.6
Total liabilities 4,561.3 5,080.2 5,147.9 5,585.4 6,518.0
Fixed Assets + 2,320.4 2,578.2 2,506.2 2,637.6 2,967.0
Tangible assets 1,884.0 2,315.2 2,241.7 2,304.1 2,547.9
CWIP 436.0 262.9 264.4 332.9 418.3
Intangible assets 0.4 - 0.1 0.6 0.8
LT loans and advances 147.5 72.6 66.1 64.8 31.4
Other non-current assets 171.5 243.9 174.7 193.6 558.3
Current assets + 1,922.0 2,185.6 2,400.9 2,689.4 2,961.3
Inventories 426.9 423.4 465.2 574.8 688.8
Trade receivables 675.1 636.5 763.3 799.4 1,045.1
Cash and cash equivalents 86.4 30.0 92.6 166.3 24.1
ST loans and advances 60.9 317.0 192.7 196.6 286.0
Other current assets 672.6 778.6 887.1 952.4 917.2
Total assets 4,561.3 5,080.2 5,147.9 5,585.4 6,518.0
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales + 4,007.0 4,897.3 5,395.0 6,032.5 6,593.8
Sales growth % 9.1 22.22 10.16 11.82 9.3
Expenses + 3,840.9 4,630.0 5,120.1 5,736.9 6,236.0
Cost of goods 3,026.4 3,753.7 4,154.3 4,676.4 5,139.0
Employee cost 217.7 223.2 235.3 274.2 293.2
Other costs 193.9 192.8 207.7 238.5 246.4
Operating profit + 569.0 727.5 797.5 843.5 915.2
Operating margin % 14.2 14.9 14.8 14.0 13.9
Other income 28.2 25.5 38.3 74.2 64.8
Interest 197.0 215.5 216.6 227.1 228.1
Depreciation 205.9 244.8 306.1 320.7 329.3
Exceptional items - - - -12.3 -
Profit before tax 194.2 292.7 313.1 357.5 422.6
Tax 19.7 45.6 41.7 62.2 90.1
Profit - disc. ops - - - - -
Net profit 174.6 247.1 271.4 295.4 332.5
Net margin % 4.3 5.0 5.0 4.8 5.0
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Solvency +
Total Debt/Equity 1.5 1.5 1.1 1.0 1.0
Net Debt/Equity 1.4 1.5 1.1 0.9 1.0
Total Debt/Assets 0.5 0.5 0.4 0.4 0.4
Total Assets/Equity 3.2 3.0 2.6 2.5 2.5
Liquidity +
Current Ratio 1.4 1.4 1.4 1.4 1.3
Quick Ratio 1.1 1.1 1.1 1.1 1.0
Interest Coverage 2.9 3.4 3.7 3.7 4.0
Performance
Gross Margin 24.5 23.4 23.0 22.5 22.1
Operating Margin 14.2 14.9 14.8 14.0 13.9
Net Margin 4.3 5.0 5.0 4.8 5.0
Return +
Return on Equity 12.2 14.5 13.8 13.2 12.9
Pre-tax ROCE 12.7 15.2 15.6 15.6 15.8
Return on Assets 3.8 4.9 5.3 5.3 5.1
Pre-tax ROIC 10.5 11.3 11.8 12.2 11.3
Efficiency +
Days Payable 48.0 45.0 41.0 53.0 61.0
Days Inventory 51.0 41.0 41.0 45.0 49.0
Days Receivable 61.0 47.0 52.0 48.0 58.0
Fixed Asset Turnover 1.7 1.9 2.1 2.3 2.2
Total Asset Turnover 0.9 1.0 1.1 1.1 1.0
Working Capital
Cash Conversion Cycle 64.0 43.0 52.0 40.0 46.0
Working Capital Days 49.0 44.0 44.0 44.0 42.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

SBICap Trustee Company Limited

No. of Loans: 4

Total Amount : 1,244.6 cr

2

Bank of Maharashtra

No. of Loans: 2

Total Amount : 462.1 cr

3

Union Bank of India

No. of Loans: 1

Total Amount : 416.4 cr

4

Bank of Baroda

No. of Loans: 2

Total Amount : 311.9 cr

5

Saraswat Co-operative Bank Limited

No. of Loans: 1

Total Amount : 235.0 cr

6

The Karnataka Bank Limited

No. of Loans: 2

Total Amount : 228.9 cr

7

Indian Bank

No. of Loans: 2

Total Amount : 212.2 cr

8

Indian Overseas Bank

No. of Loans: 1

Total Amount : 208.0 cr

9

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 1

Total Amount : 200.0 cr

10

Bank of India

No. of Loans: 1

Total Amount : 193.1 cr

11

Central Bank of India

No. of Loans: 3

Total Amount : 158.9 cr

12

Punjab and Sind Bank

No. of Loans: 1

Total Amount : 147.6 cr

13

CSB Bank Limited

No. of Loans: 1

Total Amount : 134.3 cr

14

Allahabad Bank

No. of Loans: 1

Total Amount : 111.0 cr

15

SVC CO-OPERATIVE BANK LIMITED

No. of Loans: 4

Total Amount : 101.8 cr

16

Cosmos Co-operative Bank Limited

No. of Loans: 1

Total Amount : 75.0 cr

17

Saraswat Co-Operative Bank Limited

No. of Loans: 1

Total Amount : 57.5 cr

18

Mahindra and Mahindra Financial Services Limited

No. of Loans: 1

Total Amount : 17.0 cr

19

Aditya Birla Finance Limited

No. of Loans: 1

Total Amount : 5.0 cr

20

SVC CO-OPERATIVE BANK LTD.

No. of Loans: 6

Total Amount : 3.5 cr

21

SVC Co-Operative Bank Ltd

No. of Loans: 1

Total Amount : 2.8 cr

22

SVC Co-Operative Bank Limited

No. of Loans: 3

Total Amount : 0.8 cr

23

SVC Co-operative Bank Limited

No. of Loans: 1

Total Amount : 0.1 cr

24

The Federal Bank Limited

No. of Loans: 1

Total Amount : 0.1 cr

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Charges

SBICap Trustee Company Limited
Bank of Maharashtra
Union Bank of India
Bank of Baroda
Others

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
BADVE ENTREPRENEURSHIP AND SKILL TRAINING FOUNDATION
Active
1.0 Cr 2 Maharashtra
AIC-RAMBHAU MHALGI PRABODHINI FOUNDATION
Active
1.0 L 1 Maharashtra
FEDERATION OF INDUSTRIES OF INDIA-TMA
Active
0.0 1 Maharashtra
FENACE AUTO LIMITED
Active
15.4 Cr 3 Maharashtra
SWAMI ASHIRWAD ENGIMECH PRIVATE LIMITED
Active
3.0 Cr 1 Maharashtra
BADVE HELMETS INDIA PRIVATE LIMITED
Active
5.0 Cr 2 Maharashtra
BADVE GLOBAL PRIVATE LIMITED
Active
1.0 L 2 Maharashtra
BADVE LEASING PRIVATE LIMITED
Active
1.0 L 2 Maharashtra
BADVE REALTY PRIVATE LIMITED
Active
1.0 L 2 Maharashtra
BADVE FINCORP PRIVATE LIMITED
Active
1.0 L 2 Maharashtra
BADVE HOLDINGS PRIVATE LIMITED
Active
1.0 L 2 Maharashtra
BADVE SONS PRIVATE LIMITED
Active
1.0 L 2 Maharashtra
BADVE AUTOCOMPS PRIVATE LIMITED
Active
35.7 L 2 Maharashtra
SWASTID ENGINEERING PRIVATE LIMITED
Active
1.0 Cr 1 Maharashtra
EXIMIIUS AUTOCOMPS PRIVATE LIMITED
Active
4.5 Cr 1 Maharashtra
BADVE AUTOTECH PRIVATE LIMITED
Active
5.0 Cr 1 Maharashtra
SHREEPRIYA STAMPING AND TOOLING PRIVATE LIMITED
Active
10.3 Cr 1 Maharashtra
BELRISE INDUSTRIES LIMITED
Active
325.5 Cr 7 Maharashtra
ZOOM INFO SOLUTIONS PRIVATE LIMITED
Active
1.2 L 1 Maharashtra
UNITED FOR NATURE FOUNDATION
Active
2.0 L 1 Maharashtra
SHREEYASH CHASSIS PRIVATE LIMITED
Amalgamated
20.0 L 1 Maharashtra
EXIMIUS INFRA TECH SOLUTIONS LLP
Active
28.0 Cr 1 Maharashtra
ARTIEGENIUS EDTECH LLP
Active
1.0 L 1 Maharashtra
PRAKRITIK INFRASTRUCTURE PRIVATE LIMITED
Active
1.0 L 1 Delhi
BADVE OVERSEAS TRADING PRIVATE LIMITED
Active
1.0 L 1
EMKAY AUTOMOBILE INDUSTRIES LIMITED
Active
5.0 L 1 Delhi
BADVE OVERSEAS PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
BADVE HOUSING PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
FLAIR PUBLICATIONS PRIVATE LIMITED
Active
1.0 L 1 Delhi
UNITECH LIMITED
Active
523.3 Cr 1 Delhi
RJ CORP LIMITED
Active
217.2 Cr 1 Delhi
SERVOTECH RENEWABLE POWER SYSTEM LIMITED
Active
22.6 Cr 1
TRANSLINE TECHNOLOGIES LIMITED
Active
17.9 Cr 1 Delhi
DEVYANI INTERNATIONAL LIMITED
Active
123.3 Cr 1 Delhi
PATANJALI FOODS LIMITED
Active
217.6 Cr 1 Maharashtra
DHARAMPAL SATYAPAL LIMITED
Active
24.0 Cr 1 Delhi
DEVYANI FOOD INDUSTRIES LIMITED
Active
50.6 Cr 1 Delhi
SIDWAL REFRIGERATION INDUSTRIES PRIVATE LIMITED
Active
4.5 Cr 1 Haryana
MAHRATTA CHAMBER OF COMMERCE INDUSTRIES AND AGRICULTURE
Active
1.0 Cr 1 Maharashtra
DHARAVI LEATHER PRODUCTS PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
MPK ENTERPRISES PRIVATE LIMITED
Active
12.0 L 1 Maharashtra
MPK AGROVAT PRIVATE LIMITED
Strike Off
1.0 L 1 Maharashtra
SUPERB HOUSING & INFRASTRUCTURE PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
DBATU FORUM OF INNOVATION, INCUBATION AND ENTERPRISE
Active
1.0 L 1 Maharashtra
MPK PUBLICATIONS PRIVATE LIMITED
Strike Off
1.0 L 1 Maharashtra
SUPERB SHORELINE HOUSING LLP
Active
10.0 L 1 Maharashtra
SUPERB MAA DEVELOPERS LLP
Active
1.0 L 1 Maharashtra
SUPERB MAA INFRA AND HOUSING LLP
Active
10.0 L 1 Maharashtra
VARHAD ADVISORS LLP
Defunct
1.0 L 1 Maharashtra
DALIT INDIAN CHAMBER OF COMMERCE AND INDUSTRY
Active
10,000.0 1 Maharashtra
METALLOPLAST PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
ELECTROSTEEL CASTINGS LTD
Active
61.8 Cr 1 Odisha
ADANI POWER LIMITED
Active
4,272.8 Cr 1 Gujarat

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
BADVE ENGINEERING TRADING FZE United Arab Emirates - -
Badve Engineering Trading FZE United Arab Emirates - -

Tofler Score

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Good
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Risk

Severe Risk
  • No risks identified
Moderate Risk
  • PAYABLES DETERIORATING
  • LOW CASH BALANCE
  • CASH DETERIORATING
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Tata Steel Downstream Products Limited West Bengal

Peers

Registered Details

CIN

L73100MH1996PLC102827

PAN

AAACB9378F

Incorporation

1996, 29.2 years

Company Email

bgi[at]belriseindustries[dot]com

Paid up Capital

₹ 444.9 Cr

Authorised Capital

₹ 500.0 Cr

AGM

Sep 2025

Type

Public
Others

FAQ - BELRISE INDUSTRIES LIMITED

What is the incorporation date of BELRISE INDUSTRIES LIMITED?

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The incorporation date of BELRISE INDUSTRIES LIMITED is 25 September, 1996

What is the authorized share capital of BELRISE INDUSTRIES LIMITED?

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The authorized share capital of BELRISE INDUSTRIES LIMITED is INR ₹ 500.0 Cr.

What is the paid-up capital of BELRISE INDUSTRIES LIMITED?

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The paid-up capital of BELRISE INDUSTRIES LIMITED is INR ₹ 444.9 Cr.

What is the registered address of BELRISE INDUSTRIES LIMITED?

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The registered address of BELRISE INDUSTRIES LIMITED is PLOT NO D-39 MIDCAREA WALUJ, AURANGABAD, Maharashtra, India, 431133 - 431133

What is the CIN number of BELRISE INDUSTRIES LIMITED?

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The CIN number of BELRISE INDUSTRIES LIMITED is L73100MH1996PLC102827.

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